Lesson 8: Filtering the Universe of Symbols Using Hot Lists and ...

Filtering the

Lesson 8 Lesson 8

Filtering the Universe of Symbols Using Hot Lists and Scanner

Universe of Symbols Using Hot Lists and Scanner

Table of Contents

Hot Lists....................................................... 1 Selecting the Symbol Universe.............................. 7 Scanner........................................................ 3 Selecting the Scan Criteria................................... 8 TradeStation Sample Scans.............................. 4 Formatting Scans............................................... 10 Insert Scan Wizard.......................................... 6

Hot Lists

A Hot Lists window is a list of the securities that best meet a specific set of predefined criteria based on price, volatility or volume. TradeStation offers Hot Lists for stocks on the AMEX, NASDAQ, NYSE, or all three exchanges combined. Hot Lists for stock options and index options are also available.

To create a Hot Lists window, click on the Hot Lists icon from the TradingApps Launcher or click the File ? New ? TradingApp Window menu sequence and click on the Hot Lists icon.

Page 1 of 12 Learning TradeStation

Lesson 8 Filtering the Universe of Symbols Using Hot Lists and Scanner

Click on the Category drop-down at the top of the Hot Lists window to select Equities, Index Options or Stock Options. To select the filtering criterion, click on the Activity drop-down and select from the list. Clicking on the plus sign ("+") next to a folder expands the view for additional options; clicking on the minus sign ("?") collapses the view. You may choose to display 25, 50, 75 or 100 symbols in a Hot Lists window by clicking on the Results drop-down at the top of the Hot Lists window. Hot Lists are updated every 30 seconds; this includes all price information as well as the rank order.

Page 2 of 12 Learning TradeStation

Lesson 8 Filtering the Universe of Symbols Using Hot Lists and Scanner

Scanner

The Scanner scans symbols based on price, fundamental and technical criteria. The entire universe of symbols in the TradeStation Data Network is available for scanning, including stocks, options, futures, forex and indexes. You can also track your scan results historically, schedule scans to run automatically and create custom symbol lists from the scan results. Technical scan criteria may include any analysis techniques supplied with TradeStation and custom analysis techniques as well.

Scan Pane

Results Pane

When you first open a Scanner window, the Launch Pad will appear in the Results pane. This contains shortcuts to:

Create a new scan Choose from a selection of pre-built scans that come with TradeStation Run a scan that you created previously View a tutorial on how to use the Scanner.

To create a new scan, select Click to insert a new scan from the Launchpad. You may also click on the Insert... button at the bottom left of the Scanner window or you may click on the Insert ? Scan... menu sequence. Please refer to page 6 for additional information on the Insert Scan wizard.

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Lesson 8 Filtering the Universe of Symbols Using Hot Lists and Scanner

TradeStation Sample Scans

Clicking on Click to select from a list of TradeStation sample scans in the Launchpad opens a scan chooser. You can use any of the scans on this list by dragging and dropping them into the Scan Pane. TradeStation sample scans are also accessible by rightclicking the Scanner window and selecting View ? TradeStation Sample Scans... or by clicking on View ? TradeStation Sample Scans... from the menu bar. The scans in the TradeStation Sample Scans dialog are grouped into different categories based on scan criteria. Each scan displays a brief description under its name. However, to see details on the criteria used in a scan, click and drag the scan into the Scan Pane. Once the scan is added to the Scan Pane, you may highlight it and then click on the Format... button at the bottom left of the window. In the Format Scan dialog, click the Scan Criteria tab to view details about the criteria used in that particular scan.

Page 4 of 12 Learning TradeStation

Lesson 8 Filtering the Universe of Symbols Using Hot Lists and Scanner

The Scan Pane displays a list of all scans that have been inserted in the Scanner window. Every time a scan is run, a new record is created and a listing is added under the scan name with a date and time stamp; these are always ordered from newest to oldest. Click on the plus sign ("+") to the left of a folder or scan name to expand the view to see the specific dates and times a scan was run. You may click the minus sign ("?") to collapse the view. The Results tab, in the Results Pane, displays the symbols that met the criteria for the selected run of the selected scan. When a scan is run, the results and any changes to the scan criteria will be saved automatically. Symbols that have been added to your scan results since the previous run are colored yellow. Symbols that met the criteria both on the previous run and on the current run are colored white.

The Added/Dropped tab displays all symbols that have been added or dropped since the previous run's results. They are sorted alphabetically under two main column headers, Added and Dropped. The first two rows in the list mention the run from which the symbols were dropped and the run to which they were added, and also notification if any of the scan settings were changed.

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